Copper broke the historical quotation record on Monday and exceeded 13.3 thousand. hole. per ton. The real craze continues with gold and silver, which are behaving like bitcoin in their heydays. On Tuesday, there was a correction and copper lost 2.2%, silver 6.3%, and gold stagnated, but the levels of all three basic products of the Polish KGHM are still record high.
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Gold did not break the record on Tuesday ($5,145 per ounce), but it reached almost 5.14 thousand. hole. per ounce, silver also failed to break the record from Monday ($117.7 per ounce) and stopped at $113. KGHM, however, boasted about its results and stated how many of these valuable metals it extracted from the ground, processed and then sold.
“Above expectations”
Copper sales by the KGHM group amounted to PLN 62.7 thousand in December. tone and she was higher by 2 percent rdr. Production of payable copper KGHM amounted to PLN 62.6 thousand in December. tons and was at a level comparable to that achieved in December 2024 – the group announced in a statement regarding preliminary production and sales results.
Throughout 2025, the production of copper, silver, gold and molybdenum was above the assumptions adopted in the KGHM group budget, the company reported.
KGHM production results
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KGHM Polska Miedź SA
It was reported that higher copper sales were recorded in KGHM Polska Miedź (+12% yoy) and Sierra Gorda SCM (+11% yoy), while a decline in sales was recorded in KGHM INTERNATIONAL LTD. (-58% y/y).
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An increase in silver sales was recorded in Sierra Gorda SCM (+42% yoy), while a decline in KGHM Polska Miedź (-8% yoy) and KGHM INTERNATIONAL LTD. (-40% y/y).
Production of payable silver amounted to 112.4 tons and was lower by 7.4 tons (-6% y/y).than the production recorded in December 2024. Silver sales amounted to 106.4 tons and were lower by 8.2 tons (-7%) than the sales made a year earlier.
Production of TPM (gold, platinum) amounted to 12.4 thousand. troz and was lower by 4.5 thousand. troz (-27%) compared to December 2024.
TPM sales amounted to 15.9 thousand. troz and was lower by 2.7 thousand. troz (-15%) from the sales level in December 2024. This result was due to an increase in sales of precious metals in KGHM Polska Miedź (+58%) and a decrease in gold sales in KGHM INTERNATIONAL LTD. (-71%) and in Sierra Gorda SCM (-28%).
Molybdenum production in Sierra Gorda amounted to 0.2 million pounds and was at a similar level of production volume recorded in December 2024. In turn, molybdenum sales amounted to 0.5 million pounds and were lower by 0.2 million pounds (-29%) compared to December 2024.
